Question

given that jacob's chocolates had owner investments of $4,000; net income during the period of $10,000; and owner withdrawals of $300 calculate the ending balance in the owner's capital account. multiple choice question. $6,300 $14,300 $13,700

Answer 1

Based on the owner investments, the net income and the owner withdrawals, the ending balance in the owner's capital account is $13,700

What is the ending balance in owner's capital?

The ending balance in the owner's capital can be found as:

= Beginning owner investments + Net income during the period - Owner withdrawals

Solving for the ending balance gives:

= 4,000 + 10,000 - 300

= 14,000 - 300

= $13,700

Find out more on owner capital balance at brainly.com/question/13199093

#SPJ1